Factors Driving Buy to Let - Parental Help
More and more people are getting help from other family members to buy property. This “handout homes” phenomenon is about money for first timer buyers increasingly coming in the form of cash assistance with deposits and ongoing “income help” to meet mortgage repayments.
By doing this, parents neatly keep their cash out of the clutching hands of the chancellor from an inheritance tax point of view - well at least it does for those enough who are well off to spare money in this way!
For those without well off parents, owning a house will become increasingly impossible and many people will have to rent, thus providing a ready pool of tenants and rising rents, for those lucky enough to have invested in property.
I cant see this trend changing any time soon.
To go back to main site: www.lettingfocus.com
By doing this, parents neatly keep their cash out of the clutching hands of the chancellor from an inheritance tax point of view - well at least it does for those enough who are well off to spare money in this way!
For those without well off parents, owning a house will become increasingly impossible and many people will have to rent, thus providing a ready pool of tenants and rising rents, for those lucky enough to have invested in property.
I cant see this trend changing any time soon.
To go back to main site: www.lettingfocus.com
This entry was posted by lettingfocus, on
Monday, October 30, 2006.
